Kuwait cabinet approves $7.3 bln bourse fund

From Reuters: Kuwait approved a $7.26 billion fund to invest in the local bourse, which has been hit by the global financial crisis, several newspapers said on Tuesday.

Kuwaiti papers al-Watan, al-Seyassah, al-Rai, al-Jarida, and al-Anbaa said in unsourced reports the cabinet approved on Monday a 2 billion dinar government portfolio to invest in the stock market….. Full Article: Source